As the rupee continues to plummet in value, sparking huge inflation, doubts and fears are mounting over the country’s economic health, particularly its ability to pay the import bill, for essential items, in the coming weeks. There has been a steep decline in the central bank’s foreign exchange reserves, which have shrunk to a near […]
Türkiye: Inflation figures for December, which concern millions of working civil servants and retired civil servants, have been announced. The rate of increase in salary of civil servants and retired civil servants has been announced. Civil servants and retired civil servant retirees will get a raise of 16,47 percent. President Erdogan updated the 2023 rate […]
Extreme poverty, disguised unemployment, political and economic chaos, outrageous wealth for a few at the expense of the majority of people, an unprecedented drop in the value of the pound against foreign currencies, eating up people’s savings, a strong decline in the standard of living, a steady increase in public debt, an unprecedented rise in […]
Bangladesh Bank created fresh money of more than Taka 500 billion in the July-December period in the name of budget support, the highest in recent history (The Business Standard, January 03, 2023), to compensate the money looted from the banks by the Capitalists elites. The default loans of the commercial banks have already reached Taka […]
Hoping to solve economic problems, through a technocratic setup, is a fool’s dream. Throughout Pakistan’s history, the economy has already been run by technocrats, imported from the IMF, World Bank and other Western, economic, and colonialist institutions. Even today, the people who are being nominated for the technocrat setup have already been tried and tested. […]
The Question On 28th April this year, the Federal Shariat Court (FSC) once again declared that riba (banking interest) was prohibited according to the injunctions of Islam and so it should be eliminated from the country within five years. The ruling established two clear sides; Islamists that became jubilant as they see this as a […]
The International Monetary Fund (IMF) announced its approval of a 46-month cooperation program for Egypt, in an amount of 3 billion US dollars, according to a statement from the IMF on Saturday 12/17/2022. The package of policies included in the program includes measures, including the permanent transition to a flexible exchange rate system and the […]
Amid public suffering due to the price hike of essentials and hampering of industrial production due to the power crisis, the deceitful Hasina government has decided to increase the bulk electricity prices by 19.92% to Tk6.20 kWh from the previous price of Tk5.17 kWh in compliance with the prescription of International Monetary Fund (IMF).
Question: The Republican Party secured control, with a small majority, over the US House of Representatives which is made up of 435 seats. [“It won at least 218 seats, according to estimates by CBS News, the BBC partner in the United States.” (BBC, November 17, 2022)]. As for the Democrats, they celebrated [“Sunday that the […]
The United Kingdom has had 3 Prime Ministers (PM) and 4 Chancellors of the Exchequer (Finance Minister) over the past 3 months. The ruling Conservative Party (Tories) are languishing in the opinion polls as much as 30% behind the opposition Labour Party which itself is populated by politicians lacking in experience and standing to lead […]
As the cost-of-living crisis intensifies in Britain, attention has turned to the scale of hunger affecting children in the country. Various media outlets have reported that child hunger is one of the biggest challenges facing schools in the UK. According to the Guardian paper, headteachers and food aid charities have said that they are struggling […]
Details: Biden’s Global Economic War Employing Oil and Inflation Khamenei Responds to Protests in Iran
The PDM government is facing intense public anger due to the severe currency crisis, and the resulting inflationary storm. To calm the public, the government has announced that the Finance Minister, Miftah Ismail, has been replaced by Ishaq Dar, who has been given the task of stabilizing the value of the Rupee. However, this step […]
The Bank of England has said it will “not hesitate” to hike interest rates to curb inflation after the pound fell to a record low against the US dollar. Its statement came after the Treasury said it would publish a plan to tackle debt in a bid to reassure investors. Sterling fell to an all-time […]
Today, President Joe Biden issued a statement about the rising Consumer Price Index (CPI) in September. He painted disappointing data about the US economy in a surprisingly positive manner: “Today’s data show more progress in bringing global inflation down in the US economy. Overall, prices have been essentially flat in our country these last two […]
Our lands are rich, but we starve, as Democracy chains us to the IMF, with increasing taxation, interest payments, debt and inflation.
Headlines: • Bank of England’s Bailey Warns UK Faces Very Big Inflation Shock • Taliban say ‘no information’ about Al Qaeda Chief Zawahiri in Afghanistan • China Halts US Cooperation on Range of Issues after Pelosi’s Taiwan Visit Bank of England’s Bailey Warns UK Faces Very Big Inflation Shock The Bank of England on Thursday […]
This is the End Result of Dealing with Evil Colonialism! So is There Still Anyone Who Has Yet to Learn Their Lesson?! The Spokesperson of Pakistan’s Foreign Office has confirmed that General Bajwa has called the US Deputy Secretary of State, Wendy Sherman, requesting the United States puts pressure on the IMF, to release a […]
We in Hizb ut Tahrir / Wilayah of Sudan would like to congratulate the entire Islamic Ummah on the blessed Eid al-Adha, asking Allah (swt) for its return and the message of the Ummah has united under the banner of the beloved Muhammad (saw) in the Khilafah Rashidah (rightly-guided Caliphate) State on the method of […]
Hizb ut Tahrir / Kenya would like to extend the warmest greetings on the blessed Eid ul-Adha to the Muslims in Kenya and the whole world in general. We convey our congratulations to the men and women working tirelessly toward reestablishment the second Khilafah (Caliphate) upon the method of Prophethood. We would like also convey […]
In a positive development, a debate has erupted over Islam’s ruling regarding adopting gold and silver as currency of the Khilafah, as a solution to the high inflation, which the Muslims of Pakistan face today. The debate has spread from those who advocate Islam, in support of gold and silver currency, to include those who […]
In 1540 CE, the Islamic ruler, Sher Shah Suri, issued the silver Rupiya, weighing 178 Troy grains, which is 11.5 grams.
Headlines: Tunisia’s New Constitution to Remove Reference to Islam Pakistan needs $41bn in next 12 months Imran Khan: Pakistan May Break-up
Question: A wave of high prices is sweeping Jordan, affecting basic food commodities such as poultry, oils and red meat, as well as other commodities. Is this living crisis temporary or does it have causes pressing on the economic system in Jordan as a result of its regional and international relations? And how true is […]
Nureddin Nebati, Minister of Treasury and Finance, said, “High increases in international commodity prices, especially food and energy, triggered by the global pandemic and war circumstances, and some disruptions in supply chains play a fundamental role in high inflation rates in our country, as in all other countries in the world.” said. (03.06.2022 Akşam)
America is an open enemy to Muslims itself, whilst fully supporting the Hindu State and the Jewish occupation.
Pakistan’s economy is crashing due to international trade based on the dollar, debt with interest (riba) and expensive oil and machinery imports. Islam establishes all trade on gold and silver, ending dollar hegemony. Islam abolishes interest (riba), ending the debt trap. Islam obliges substantial domestic heavy industry to ensure independent, powerful armies. The Khilafah will […]
The worst kept secret about the present economic crisis is that it has resulted from our rulers having saddled the people with a huge debt while harvesting its proceeds to acquire properties, businesses, and citizenships abroad. (brecorder)
The Pakistani currency touched a critical threshold of Rs 200 in the open market against the US dollar during intraday trading on Wednesday, 18th May 2022, mainly due to the country’s depleting foreign exchange reserves and high imports, whilst drowning the people in inflation.
The Turkish Statistical Institute has shared its inflation numbers for April. According to the numbers of the institute, the consumer price index (CPI) increased by 69.97% year-on-year and 7.25% month-on-month. The Inflation Research Group (ENAG), which is composed of academics, announced that the inflation figure for April was more than double the figures of the […]